tax bracket. A categorized level of income subject to a particular tax rate under federal or state law (28% tax bracket). [Cases: Internal Revenue 3545–3552; Taxation 1061–1065. C.J.S. Internal Revenue §§ 331–333, 335, 358–361, 797; Taxation § 1698.]
bracket system. Tax law. A system for collecting a sales tax based on an index providing for a graduated payment depending on the purchase price of the item, the purpose being fourfold: (1) to avoid having the seller collect a tax less than one cent; (2) to avoid requiring the state to figure the exact
bracket creep. The process by which inflation or increased income pushes individuals into higher tax brackets.
zero-bracket amount. A tax deduction formerly available to all individual taxpayers, regardless of whether they itemized their deductions. • In 1944 this was replaced by the standard deduction. — Abbr. ZBA. See standard deduction under DEDUCTION.
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tax rate. A mathematical figure for calculating a tax, usu. expressed as a percentage. [Cases: Internal Revenue 3545–3552; Taxation 1061–1065. C.J.S. Internal Revenue §§ 331–333, 335, 358–361, 797; Taxation § 1698.] average tax rate. A taxpayer’s tax liability divided by the amount of taxable income. — Also called effective tax rate. marginal tax rate. In
In a tax scheme, the rate applicable to the last dollar of income earned by the taxpayer. • This concept is useful in calculating the tax effect of receiving additional income or claiming additional deductions. See TAX BRACKET.
income-shifting. The practice of transferring income to a taxpayer in a lower tax bracket, such as a child, to reduce tax liability. • Often this is accomplished by forming a Clifford trust. See Clifford trust under TRUST; kiddie tax under TAX.
税率等级 英语：tax bracket 法语：fourchette d’imposition 德语：Steuerstufe 意大利语：scaglione d’imposta 西班牙语：clasificación contributiva